Percentage of Income Reporting Follow
What is the Percentage of Income Reporting?
The Percentage of Income Reporting feature in AutyFi allows you to view financial data as a percentage of your total income. This helps you better understand how your expenses relate to your revenue.
How does it help?
By displaying expenses as a percentage of income, you can easily see how much of your revenue is spent in different areas. This makes it simpler to manage the costs and identify opportunities for improvement.
How to use Percentage of Income Reporting?
- Access Financial Reports: Navigate to the “Reports” section and select a financial report, like the Profit and Loss statement.
- Enable Percentage of Income: Turn on the “Percentage of Income” option to see each expense category represented as a part of your total revenue.
- Analyze Proportional Expenses: Review how much of your revenue is allocated to key areas such as labor or marketing.
- Set Expense Goals: Use scorecards to establish targets for important expenses, such as keeping labor costs below 30% of revenue.
- Compare Across Locations: Look at expense percentages across franchise locations to spot high or low performers.
Who benefits from it?
This feature benefits both franchisors and franchisees. Franchisors gain insights into their financial health, while franchisees can better manage their expenses and improve profitability.
Why is it useful for your business?
Using Percentage of Income Reporting helps you understand how expenses impact your revenue. It supports better financial decision-making, enhances expense management, and encourages growth, benefiting you and your franchisees.
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